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The Obamanation
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03-27-2009, 10:22 AM
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Redux
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Quote:
Originally Posted by
TheMercenary
According to this economics professor at Princeton, simply a 5% increase in the form of a consumption tax would raise $500billion a year.
http://economix.blogs.nytimes.com/20...odays-economy/
More than enough to deal with many of our problems in a few short years.
$500 billion would barely cover the annual interest on the US national debt.
Redux